Hyperliquid’s Jeff Yan Seeks Clear Regulatory Boundaries for Onchain Markets

TL;DR Jeff Yan proposed that U.S. regulators oversee companies operating on Hyperliquid rather than the blockchain itself. The Hyperliquid founder believes regulatory obligations should fall on entities that control financial trading activities. Kraken’s parent company, Payward, plans to offer derivatives in the United States through a regulated exchange using Hyperliquid’s technology. Jeff Yan , founder of Hyperliquid , proposed that U.S. authorities regulate financial firms using his blockchain rather than subjecting the underlying network itself to regulatory oversight. His proposal would allow traditional financial institutions to develop trading markets on Hyperliquid’s infrastructure without requiring the blockchain to register as a regulated exchange. During an interview with Bloomberg , Yan argued that regulatory obligations should apply to entities that control trading operations .

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